Axiata Group Bhd ( (AXXTF) ) has released its Q4 earnings. Here is a breakdown of the information Axiata Group Bhd presented to its investors.
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Axiata Group Berhad is a diversified telecommunications and digital conglomerate operating across ASEAN and South Asia, with interests in digital telcos, digital businesses, and infrastructure services. The company has controlling stakes in leading mobile and fixed operators in the region and aims to drive digital inclusion and sustainable progress.
Axiata Group Berhad reported strong financial results for FY24, with profits more than doubling to RM946.8 million. The company achieved double-digit growth in EBITDA and EBIT, alongside a robust operating free cash flow of RM2.3 billion. Axiata declared a second dividend per share of 5.0 sen, supported by its healthy balance sheet.
Key financial highlights include a 12.3% increase in EBITDA and a significant rise in EBIT by over 100%. The company’s PATAMI also grew by more than 100%, reaching RM946.8 million. Despite some challenges, such as higher net finance costs and lower contributions from certain subsidiaries, Axiata’s strategic focus on operational excellence and cost optimization has led to improved financial performance.
The Group’s strategic initiatives, including market consolidation and mergers, are expected to unlock synergies and improve market structure. Axiata’s management remains optimistic about future opportunities, driven by currency stabilization, synergy realization, and continued portfolio optimization.
Looking forward, Axiata aims to maintain its competitive edge by focusing on sustainable value creation and expanding its digital business and enterprise solutions. The company is committed to transforming into a converged connectivity group, driving growth through strategic consolidations and digital expansion.